Jupiter Wagons Q3FY'24 Net Up 82% To Rs 81 Crore
The wagon maker stated that its Ebitda margin expanded by 140 basis points.
Jupiter Wagons Ltd on Tuesday reported a consolidated net profit of Rs 81.46 crore during the third quarter of the current fiscal, up by 82% from Rs 44.59 crore in the corresponding period last year.
The revenue from operation was Rs 895 crore during the October-December period of the 2023-24 financial year (FY'24) as compared to Rs 879 crore in the year-ago quarter, the company said in a regulatory filing.
The wagon maker stated that its Ebitda margin expanded by 140 basis points.
The order book stood at over Rs 7,000 crore, it said.
The company closed a qualified institutional placement in December 2023, raising Rs 403 crore that provides the necessary fuel for ambitious growth plans, including setting up of a foundry, working capital requirements and backward integration through inorganic growth, the Kolkata-based mobility major said.
